Business news

Business

TikTok finalizes a deal to form a new American entity

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.

Business

Physicists predict significant growth for cadmium telluride photovoltaics

A solar energy generation technology once considered limited in its potential is poised for significant growth in the United States.

Business

Why AI has not led to mass unemployment

People have become used to living with AI fairly quickly. ChatGPT is barely three years old, but has changed the way many of us communicate or deal with large amounts of information.

Internet

Snapchat settles to avoid social media addiction trial

Snapchat on Wednesday confirmed it made a deal to avoid a US civil trial accusing it, along with Meta, TikTok, and YouTube, of addicting young people to social media.

Business

Dazzling Chinese AI debuts mask growing pains

Investor confidence in Chinese AI startups is riding high, but obstacles to their long-term success range from US export controls to the puzzle of how to become profitable.

Business

FTC appeals Meta's court victory in monopoly case

The US Federal Trade Commission said Tuesday it was appealing a court ruling that dismissed its antitrust case against Meta, insisting the tech giant illegally monopolized social media.

Business

EU won't ask Big Tech to pay for telecoms overhaul

The EU will not force the world's biggest tech companies to pay for the overhaul of Europe's telecoms infrastructure despite pleas from the industry, Brussels announced on Wednesday.

Business

Using causal AI to amplify sustainability in the textile industry

With the textile industry facing mounting scrutiny over the environmental impacts of fast fashion, two researchers from Constructor University have published a framework to help responsible brands engage audiences more effectively ...

Business

Amazon expands 'sovereign cloud' in Europe

Amazon's cloud computing division said Thursday that it would expand its "sovereign cloud" across the European Union, hoping to cash in as EU governments seek to safeguard their citizens' data.

Business

Actor McConaughey seeks to patent image to protect from AI

Actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence platforms, a representative said Wednesday.